{"id":215039,"date":"2022-12-02T05:15:00","date_gmt":"2022-12-01T22:15:00","guid":{"rendered":"https:\/\/www.ttrweekly.com\/site\/?p=215039"},"modified":"2022-12-02T06:01:07","modified_gmt":"2022-12-01T23:01:07","slug":"asia-pacific-airlines-record-october-growth","status":"publish","type":"post","link":"https:\/\/www.ttrweekly.com\/site\/2022\/12\/asia-pacific-airlines-record-october-growth\/","title":{"rendered":"Asia Pacific airlines record October growth"},"content":{"rendered":"\n<p>KUALA LUMPUR, 2 December 2022: Preliminary traffic figures released Wednesday by the Association of Asia Pacific Airlines (AAPA) showed that international air travel continued to grow strongly in October 2022, driven by pent-up demand, even as global economic activity eased noticeably.<\/p>\n\n\n\n<p>Asia Pacific airlines carried 12.1 million international passengers in October, an eight-fold increase compared to the 1.4 million in the same month last year. Overall, passenger traffic volumes reached 38.6% of pre-pandemic levels. As measured in revenue passenger kilometres (RPK), demand surged by 604.7% year-on-year, outpacing the 194.3% expansion in available seat capacity. As a result, the average international passenger load factor doubled to 77.7% for the month.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"1161\" height=\"663\" data-src=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2022\/12\/AAPA_PR_Issue16.png\" alt=\"\" class=\"wp-image-215065 lazyload\" data-srcset=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2022\/12\/AAPA_PR_Issue16.png 1161w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2022\/12\/AAPA_PR_Issue16-300x171.png 300w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2022\/12\/AAPA_PR_Issue16-600x343.png 600w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2022\/12\/AAPA_PR_Issue16-768x439.png 768w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2022\/12\/AAPA_PR_Issue16-696x397.png 696w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2022\/12\/AAPA_PR_Issue16-1068x610.png 1068w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2022\/12\/AAPA_PR_Issue16-735x420.png 735w\" data-sizes=\"(max-width: 1161px) 100vw, 1161px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1161px; --smush-placeholder-aspect-ratio: 1161\/663;\" \/><\/figure>\n<\/div>\n\n\n<p>Meanwhile, international air cargo demand declined markedly, by 13.9% year-on-year in freight tonne kilometres (FTK) terms, amid a downturn in export markets for intermediate goods. Offered freight capacity fell marginally, by 1.2% year-on-year, leading to a 9.6 percentage point fall in the average international freight load factor to 64.7%.<\/p>\n\n\n\n<p>Commenting on the results, Subhas Menon, AAPA Director General said: &#8220;The lifting of travel restrictions in North East Asia in October 2022 was welcomed by the travelling public and the region&#8217;s airlines which saw substantial improvements to load factors. Overall, during the first ten months of the year, the combined 74 million international passengers carried by Asian airlines represented a 472% increase compared to the previous corresponding period.&#8221;<\/p>\n\n\n\n<p>&#8220;By contrast, air cargo markets moderated even more due to multiple headwinds. Declining business confidence, against rising risks to the global economy, led to a slowing in orders for manufactured goods, driving a 5.5% year-on-year decline in air cargo demand for the first 10 months of the year.&#8221;<\/p>\n\n\n\n<p>Menon concluded: &#8220;Based on forward booking trends, the outlook for travel remains positive as we approach the final months of the year. While the recovery in air travel is a welcome relief for the industry, the region&#8217;s airlines are facing a challenging operating environment as a result of high fuel prices, weak local currencies and manpower shortages. Nevertheless, AAPA remains committed to ensuring the safe, seamless and sustainable restoration of air travel.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, 2 December 2022: Preliminary traffic figures released Wednesday by the Association of Asia Pacific Airlines (AAPA) showed that international air travel continued to grow strongly in October 2022, driven by pent-up demand, even as global economic activity eased noticeably. Asia Pacific airlines carried 12.1 million international passengers in October, an eight-fold increase compared [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[469,1321],"tags":[],"class_list":{"0":"post-215039","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-airlines","7":"category-malaysia-mekong-region"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Asia Pacific airlines record October growth - TTR Weekly<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ttrweekly.com\/site\/2022\/12\/asia-pacific-airlines-record-october-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asia Pacific airlines record October growth - TTR Weekly\" \/>\n<meta property=\"og:description\" content=\"KUALA LUMPUR, 2 December 2022: Preliminary traffic figures released Wednesday by the Association of Asia Pacific Airlines (AAPA) showed that international air travel continued to grow strongly in October 2022, driven by pent-up demand, even as global economic activity eased noticeably. 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